
Members of the Toledano Tenants Coalition (TTC) visited the Upper West Side home of Raphael Toledano last Saturday "to bid farewell to the junior speculator landlord" whom they’ve battled for the last two years, ever since he purchased more than 20 East Village buildings, according to a statement from the group.
Tenant organizations from around the city associated with Stabilizing NYC joined the protest. Some participants wore Toledano masks and carried signs that riffed on his boastful quote last summer to The Real Deal: "I'm worth a fuckload of money, bro."
There was also some dancing.
As previously reported, Madison Realty Capital has replaced the 27-year-old landlord as the property manager of 15 East Village buildings while a deal to transfer the ownership is worked out. In late March, the LLCs that Toledano used to purchase the 15 buildings in the Madison Realty portfolio filed for Chapter 11 bankruptcy.
Toledano purchased 28 buildings in two separate portfolios from the Tabak family for a total of $140 million in the fall of 2015. Since then, he has been accused of a variety of predatory practices.
In addition, 20 of his buildings were tested for toxic levels of dust. Last spring, Toledano agreed to pay more than $1 million to settle a lawsuit that alleged that he harassed rent-regulated residents at 444 E. 13th St. He also apparently ruined Thanksgiving last year for a few East 12th Street residents.
Here's more from a statement on Saturday's Toledano rally:
Tenants believe the time has come to make Mr. Toledano feel less comfortable at his home since, according to tenants, he has seen fit to do the same to them. Tenants report that Mr. Toledano has on at least two occasions refused to meet face to face with them and elected officials to discuss issues of importance to tenants, and so tenants say they are voicing their concerns directly to Mr. Toledano at his home.
[Saturday's] protesters assert that Mr Toledano has not met his obligations as a responsible landlord, forcing tenants to live in vermin-infested buildings without cooking gas and creating construction chaos as he haltingly renovates buildings.

[Photo by Nina d'Alessandro]

[Photo by Jim Markowich]
The Times reported this past Sunday that Toledano was selling off his other East Village properties that are not part of this 15-building portfolio in foreclosure. Per the Times:
[Toledano] said he was in contract with an investor to buy a $200 million portfolio of properties in the West Village, a neighborhood where he said tenants were less organized.
I kind of want to get out of the East Village walk-up business, to be honest," he said, without a hint of remorse. "There is so much scrutiny of the buyouts."
Responding to Toledano’s statement to the Times, the TTC vowed to help West Village tenants to resist him. One sign at the rally read "You can’t hide in the city, Raphael Toledano, We will find you!"

[JM]
Previously on EV Grieve:
Foreclosure notice arrives on Raphael Toledano-owned building on 12th Street
Claim: Landlord of 444 E. 13th St. threatened 'to drop dynamite on the building'
Cleaning up 444 E. 13th St.
Report: State investigating East Village landlord Raphael Toledano
Health Department to inspect Raphael Toledano's East Village properties for toxic levels of lead dust
Foreclosure notice arrives on Raphael Toledano-owned building on 12th Street
Report: Raphael Toledano files for Chapter 11; $145 million deal for EV portfolio is off the table
Raphael Toledano tenants take to Midtown streets to speak out against their landlord and his lenders